Announcement • May 26
Delfi Limited Approves the Declaration of A Final Dividend for the Financial Year Ended 31 December 2025 Delfi Limited at the AGM held on April 28, 2026, approved the declaration of a final dividend of 2.15 Singapore cents per ordinary share for the financial year ended 31 December 2025. Upcoming Dividend • Apr 29
Upcoming dividend of S$0.021 per share Eligible shareholders must have bought the stock before 06 May 2026. Payment date: 15 May 2026. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of Singaporean dividend payers (4.9%). Lower than average of industry peers (3.7%). Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to S$1.15, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 13x in the Food industry in Singapore. Total returns to shareholders of 23% over the past three years. Declared Dividend • Mar 02
Final dividend increased to S$0.021 Dividend of S$0.021 is 37% higher than last year. Ex-date: 6th May 2026 Payment date: 15th May 2026 Dividend yield will be 3.2%, which is lower than the industry average of 5.5%. Sustainability & Growth Dividend is covered by both earnings (50% earnings payout ratio) and cash flows (24% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 25% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 26
Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2025 results: EPS: US$0.054 (down from US$0.056 in FY 2024). Revenue: US$500.1m (flat on FY 2024). Net income: US$33.2m (down 2.1% from FY 2024). Profit margin: 6.6% (down from 6.8% in FY 2024). Revenue missed analyst estimates by 3.4%. Earnings per share (EPS) exceeded analyst estimates by 19%. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Food industry in Singapore. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Announcement • Feb 26
Delfi Limited Proposes Final Dividend for the Financial Year Ended 31 December 2025, Payable on 15 May 2026 Delfi Limited proposed final dividend of 1.72 US cents (equivalent to 2.15 Singapore cents) per ordinary share in respect of the financial year ended 31 December 2025 at the Annual General Meeting to be held on 28 April 2026. The Share Transfer Books and the Register of Members of Delfi Limited will be closed on 7 May 2026 ("Record Date") for the preparation of dividend warrants. The final dividend, if approved by the shareholders, will be payable on 15 May 2026. Announcement • Feb 25
Delfi Limited, Annual General Meeting, Apr 28, 2026 Delfi Limited, Annual General Meeting, Apr 28, 2026. Announcement • Feb 10
Delfi Limited to Report Fiscal Year 2025 Results on Feb 24, 2026 Delfi Limited announced that they will report fiscal year 2025 results After-Market on Feb 24, 2026 Declared Dividend • Aug 15
First half dividend of S$0.013 announced Shareholders will receive a dividend of S$0.013. Ex-date: 27th August 2025 Payment date: 12th September 2025 Dividend yield will be 3.8%, which is lower than the industry average of 5.5%. Sustainability & Growth Dividend is covered by both earnings (51% earnings payout ratio) and cash flows (31% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 33% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 14
First half 2025 earnings released: EPS: US$0.02 (vs US$0.032 in 1H 2024) First half 2025 results: EPS: US$0.02 (down from US$0.032 in 1H 2024). Revenue: US$259.6m (flat on 1H 2024). Net income: US$12.2m (down 38% from 1H 2024). Profit margin: 4.7% (down from 7.5% in 1H 2024). Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Food industry in Singapore. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. New Risk • Aug 13
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 5.3% Last year net profit margin: 7.9% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (5.3% net profit margin). Announcement • Jul 29
Delfi Limited to Report First Half, 2025 Results on Aug 12, 2025 Delfi Limited announced that they will report first half, 2025 results on Aug 12, 2025 Announcement • May 29
Delfi Limited Approves Final Dividend for the Financial Year Ended 31 December 2024 Delfi Limited in its Annual General Meeting held on April 29, 2025, approved a final dividend of 1.57 Singapore cents per ordinary share for the financial year ended 31 December 2024. Announcement • May 21
Delfi Limited to Report Q1, 2025 Results on May 20, 2025 Delfi Limited announced that they will report Q1, 2025 results on May 20, 2025 Upcoming Dividend • Apr 30
Upcoming dividend of S$0.016 per share Eligible shareholders must have bought the stock before 07 May 2025. Payment date: 16 May 2025. Payout ratio is a comfortable 58% and the cash payout ratio is 84%. Trailing yield: 5.9%. Lower than top quartile of Singaporean dividend payers (6.0%). Higher than average of industry peers (5.0%). Reported Earnings • Apr 15
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: US$0.056 (down from US$0.076 in FY 2023). Revenue: US$502.7m (down 6.6% from FY 2023). Net income: US$33.9m (down 27% from FY 2023). Profit margin: 6.8% (down from 8.6% in FY 2023). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.6%. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Food industry in Singapore. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Apr 07
Now 25% undervalued after recent price drop Over the last 90 days, the stock has fallen 15% to S$0.67. The fair value is estimated to be S$0.90, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.6% over the last 3 years. Earnings per share has grown by 4.5%. For the next 3 years, revenue is forecast to grow by 3.4% per annum. Earnings are also forecast to grow by 4.0% per annum over the same time period. Buy Or Sell Opportunity • Mar 04
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 11% to S$0.71. The fair value is estimated to be S$0.90, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.6% over the last 3 years. Earnings per share has grown by 4.5%. For the next 3 years, revenue is forecast to grow by 4.2% per annum. Earnings are also forecast to grow by 5.8% per annum over the same time period. Announcement • Feb 26
Delfi Limited, Annual General Meeting, Apr 29, 2025 Delfi Limited, Annual General Meeting, Apr 29, 2025. Reported Earnings • Aug 16
First half 2024 earnings released: EPS: US$0.032 (vs US$0.041 in 1H 2023) First half 2024 results: EPS: US$0.032 (down from US$0.041 in 1H 2023). Revenue: US$260.8m (down 7.8% from 1H 2023). Net income: US$19.6m (down 22% from 1H 2023). Profit margin: 7.5% (down from 8.9% in 1H 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Food industry in Singapore. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Declared Dividend • Aug 15
First half dividend of S$0.027 announced Shareholders will receive a dividend of S$0.027. Ex-date: 27th August 2024 Payment date: 12th September 2024 Dividend yield will be 6.9%, which is higher than the industry average of 5.5%. Sustainability & Growth Dividend is covered by earnings (57% earnings payout ratio) but not covered by cash flows (dividend approximately 7x free cash flows). The dividend has increased over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 27% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Aug 02
Delfi Limited to Report First Half, 2024 Results on Aug 13, 2024 Delfi Limited announced that they will report first half, 2024 results on Aug 13, 2024 Announcement • May 30
Delfi Limited to Report Q1, 2024 Results on May 28, 2024 Delfi Limited announced that they will report Q1, 2024 results on May 28, 2024 Upcoming Dividend • Apr 25
Upcoming dividend of S$0.03 per share Eligible shareholders must have bought the stock before 02 May 2024. Payment date: 15 May 2024. Payout ratio is a comfortable 50% but the company is paying out more than the cash it is generating. Trailing yield: 6.6%. Within top quartile of Singaporean dividend payers (6.3%). Higher than average of industry peers (4.6%). Reported Earnings • Apr 07
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: US$0.076 (up from US$0.072 in FY 2022). Revenue: US$538.2m (up 13% from FY 2022). Net income: US$46.3m (up 5.4% from FY 2022). Profit margin: 8.6% (down from 9.2% in FY 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.0%. Earnings per share (EPS) also missed analyst estimates by 9.9%. Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Food industry in Singapore. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Announcement • Apr 05
Delfi Limited Announces Retirement of Davinder Singh S/O Amar Singh as A Non-Executive Non-Independent Director Delfi Limited announced As part of the Board rejuvenation process and good governance practice, Mr. Davinder Singh S/O Amar Singh has asked to retire and will be retiring as a Non-Executive Non-Independent Director of the Company pursuant to Regulation 104 of the Company's Constitution at the conclusion of the Company's forthcoming Annual General Meeting to be held on 23 April 2024. Accordingly, he shall relinquish his position as member of the Nominating Committee and Remuneration Committee. The Company would like to express its gratitude and appreciation towards Davinder's valuable contributions to the Board during his tenure. Other DirectorShips Past; PSA International Pte Ltd. Other DirectorShips Present; Delfi Limited Davinder Singh Chambers LLC Singapore International Arbitration Centre Singapore International Mediation Centre Ramsgate Capital Pte Ltd. Announcement • Feb 28
Delfi Limited, Annual General Meeting, Apr 23, 2024 Delfi Limited, Annual General Meeting, Apr 23, 2024. Agenda: To consider dividend. Reported Earnings • Feb 28
Full year 2023 earnings released: EPS: US$0.076 (vs US$0.072 in FY 2022) Full year 2023 results: EPS: US$0.076 (up from US$0.072 in FY 2022). Revenue: US$538.2m (up 11% from FY 2022). Net income: US$46.3m (up 5.4% from FY 2022). Profit margin: 8.6% (down from 9.1% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.9% p.a. on average during the next 2 years, compared to a 3.0% growth forecast for the Food industry in Singapore. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Announcement • Feb 16
Delfi Limited to Report Fiscal Year 2023 Results on Feb 27, 2024 Delfi Limited announced that they will report fiscal year 2023 results After-Market on Feb 27, 2024 Buying Opportunity • Dec 12
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 6.7%. The fair value is estimated to be S$1.42, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 35%. Revenue is forecast to grow by 20% in 2 years. Earnings is forecast to grow by 4.4% in the next 2 years. Buying Opportunity • Nov 16
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 4.0%. The fair value is estimated to be S$1.50, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 35%. Revenue is forecast to grow by 19% in 2 years. Earnings is forecast to grow by 9.4% in the next 2 years. Buying Opportunity • Oct 05
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 3.9%. The fair value is estimated to be S$1.53, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 35%. Revenue is forecast to grow by 19% in 2 years. Earnings is forecast to grow by 9.4% in the next 2 years. Upcoming Dividend • Aug 16
Upcoming dividend of S$0.027 per share at 4.4% yield Eligible shareholders must have bought the stock before 23 August 2023. Payment date: 07 September 2023. Payout ratio is a comfortable 50% but the company is not cash flow positive. Trailing yield: 4.4%. Lower than top quartile of Singaporean dividend payers (6.3%). Lower than average of industry peers (5.3%). Reported Earnings • Aug 09
First half 2023 earnings released: EPS: US$0.041 (vs US$0.032 in 1H 2022) First half 2023 results: EPS: US$0.041 (up from US$0.032 in 1H 2022). Revenue: US$286.2m (up 16% from 1H 2022). Net income: US$25.2m (up 30% from 1H 2022). Profit margin: 8.8% (up from 7.9% in 1H 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 1.0% growth forecast for the Food industry in Singapore. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Announcement • Jul 25
Delfi Limited to Report First Half, 2023 Results on Aug 07, 2023 Delfi Limited announced that they will report first half, 2023 results on Aug 07, 2023 Announcement • Jun 01
Delfi Limited Announces Appointment of Lee Meng Tat as Independent Director Delfi Limited announced Nominating Committee, having considered the qualification and experience of Mr. Lee Meng Tat, recommended his appointment as an Independent Director of the Company. The Board of Directors are of the view that based on Mr. Lee's qualification and experience, he is eminently qualified to contribute positively to the Company. The recommendation from the Nominating Committee was approved by the Board of Directors. Working Experience: May 2015 to January 2022, Fraser & Neave Ltd, Chief Executive Officer, Non-Alcoholic Beverages - May 2012 to March 2015, Wildlife Reserves Singapore Group, Chief Executive Officer. Other DirectorShips Past: Fraser & Neave Ltd. (May 2015 to January 2022), Chief Executive Officer, Non-Alcoholic Beverages - Fraser & Neave Holdings Bhd (Malaysia) (October 2015 to June 2022), Board of Director and Chairman of Executive Committee, Member of Nominating Committee and Remuneration Committee. Other DirectorShips Present: Vietnam Dairy Products Joint Stock Company ("Vinamilk") (Vietnam) (September 2016 to Present), Board of Director and Member of Strategy Committee and Nominating Committee - Singapore Cancer Society (April 2018 to Present), Chairman of the Council (from April 2023). Professional Qualifications: Certificate in Corporate Governance ("IDP-C"), International Directors Programme, INSEAD, 2017 - Advanced Management Programme ("AMP"), Harvard Business School, 2005 - Master of Business Administration ("MBA"), Imperial College, London, 1997 - Bachelor of Engineering (Mechanical), National University of Singapore, 1988 - GCE 'A' (1981) and 'O' Levels (1979), Raffles Institution, Singapore. Announcement • May 17
Delfi Limited to Report Q1, 2023 Results on May 16, 2023 Delfi Limited announced that they will report Q1, 2023 results on May 16, 2023 Upcoming Dividend • Apr 26
Upcoming dividend of S$0.036 per share at 5.0% yield Eligible shareholders must have bought the stock before 03 May 2023. Payment date: 15 May 2023. Payout ratio is a comfortable 50% but the company is paying out more than the cash it is generating. Trailing yield: 5.0%. Lower than top quartile of Singaporean dividend payers (6.4%). In line with average of industry peers (4.9%). Reported Earnings • Apr 07
Full year 2022 earnings: EPS and revenues exceed analyst expectations Full year 2022 results: EPS: US$0.072 (up from US$0.048 in FY 2021). Revenue: US$483.0m (up 19% from FY 2021). Net income: US$43.9m (up 50% from FY 2021). Profit margin: 9.1% (up from 7.2% in FY 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) also surpassed analyst estimates by 14%. Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 1.6% growth forecast for the Food industry in Singapore. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 06
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to S$1.06, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 7x in the Food industry in Singapore. Total returns to shareholders of 32% over the past three years. Reported Earnings • Feb 28
Full year 2022 earnings: EPS and revenues exceed analyst expectations Full year 2022 results: EPS: US$0.072 (up from US$0.048 in FY 2021). Revenue: US$483.0m (up 19% from FY 2021). Net income: US$43.9m (up 50% from FY 2021). Profit margin: 9.1% (up from 7.2% in FY 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) also surpassed analyst estimates by 14%. Revenue is forecast to grow 5.3% p.a. on average during the next 2 years, while revenues in the Food industry in Singapore are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Jan 31
Delfi Limited to Report Fiscal Year 2022 Results on Feb 27, 2023 Delfi Limited announced that they will report fiscal year 2022 results on Feb 27, 2023 Announcement • Dec 10
Delfi Limited Appoints Graham Nicholas Lee as Independent Director and Member of the Audit Committee, Effective from January 1, 2023 The Board of Directors of Delfi Limited announced that Mr. Graham Nicholas Lee (‘Graham’) will be appointed as an Independent Director of the Company with effect from January 1, 2023. Following his appointment, Graham will also be appointed as a member of the Audit Committee of the Company. Graham had a 40 year career as a public accountant in Australia, the United States and most recently in Singapore where he was a partner of PricewaterhouseCoopers (‘PwC’) for 20 years. At PwC Graham provided professional services in both the Transaction Support and Audit streams of the firm's services. At PwC, Graham was the audit partner responsible for the Company's statutory audit for the periods 2001 to 2005 and 2011 to 2013. Graham was a Board member of the Australian Chamber of Commerce, Singapore including serving as President from 2010 to 2013. He also served as a Council member for the Singapore Business Federation from 2012 to 2016 and was a member of SBF's Finance & Investment Committee and Member Relations Committee. Graham is currently a Board member of the Robert Connor Dawes Foundation which raises funds to support the science to end paediatric brain cancer and to support patients. CHANGES IN COMPOSITION OF THE BOARD AND AUDIT COMMITTEE Following the appointment of Graham as an Independent Director with effect from January 1, 2023, the composition of the Board and Audit Committee will be as follows: Board of Directors: Pedro Mata-Bruckmann-Chairman, Independent Director; John Chuang Tiong Choon - Executive Director, Group Chief Executive Officer; Joseph Chuang Tiong Liep - Executive Director, Group Chief Growth and Marketing Officer; William Chuang Tiong Kie - Executive Director, Business Development Director; Anthony Michael Dean - Independent Director; Koh Poh Tiong - Independent Director; Doreswamy Nandkishore - Independent Director; Graham Nicholas Lee - Independent Director; Davinder Singh S/O Amar Singh - Non-Executive Non-Independent Director. Audit Committee: Anthony Michael Dean - Chairman; Pedro Mata-Bruckmann - Member; Koh Poh Tiong - Member; Graham Nicholas Lee - Member. Save for the Audit Committee, the composition of the Nominating Committee, Remuneration Committee, Market Sustainability and Strategy Committee, Risk Management Committee and Executive Committee remained unchanged. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 7 highly experienced directors. Independent Non-Executive Director Nandu Nandkishore was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Aug 18
Delfi Limited Announces Key Management Change Delfi Limited announced the stepping down of Mr. Michael Roberts Wynne, the Group's Head of Engineering and Projects, who after more than 20 years in Asia, has decided to return to Europe with his family to pursue his personal interests. Mike has been a key executive of the Company for the past 3 years and his last day will be the 19th of August 2022. Mr. Tan Chay Kee, the Group's Chief Operating Officer, will now lead the Group's engineering and projects, in addition to his role in operations, manufacturing, supply chain and food safety. Chay Kee reports to Delfi's CEO Mr. John Chuang, assisting him in leading the operations in manufacturing, supply chain, and food safety, strengthening engineering efforts and managing important projects that are critical to growing confectionery business. Major Estimate Revision • Aug 17
Consensus EPS estimates increase by 47% The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from US$436.1m to US$474.9m. EPS estimate increased from US$0.04 to US$0.07 per share. Net income forecast to shrink 5.7% next year vs 7.0% decline forecast for Food industry in Singapore. Consensus price target up from S$1.10 to S$1.30. Share price rose 6.1% to S$0.79 over the past week. Upcoming Dividend • Aug 16
Upcoming dividend of S$0.022 per share Eligible shareholders must have bought the stock before 23 August 2022. Payment date: 07 September 2022. Payout ratio is a comfortable 45% and this is well supported by cash flows. Trailing yield: 4.1%. Lower than top quartile of Singaporean dividend payers (6.0%). In line with average of industry peers (4.2%). Reported Earnings • Aug 13
First half 2022 earnings released: EPS: US$0.032 (vs US$0.02 in 1H 2021) First half 2022 results: EPS: US$0.032 (up from US$0.02 in 1H 2021). Revenue: US$246.3m (up 17% from 1H 2021). Net income: US$19.4m (up 58% from 1H 2021). Profit margin: 7.9% (up from 5.8% in 1H 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 11% compared to a 1.3% decline forecast for the industry in Singapore. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Announcement • Aug 11
Delfi Limited Declares Cash Interim (Final) Ordinary Dividend for 2022, Payable on September 7, 2022 Delfi Limited declared cash interim (final) ordinary dividend of 2.18 cents per ordinary share for 2022. The interim dividend will be paid on 7 September 2022. The Transfer Books and the Register of Members of the Company will be closed at 5.00 pm on 24 August 2022 (Books Closure Date) for the preparation of dividend warrants. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 7 highly experienced directors. Independent Non-Executive Director Nandu Nandkishore was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 10
Full year 2021 earnings: EPS exceeds analyst expectations Full year 2021 results: EPS: US$0.048 (up from US$0.029 in FY 2020). Revenue: US$405.1m (up 5.2% from FY 2020). Net income: US$29.3m (up 68% from FY 2020). Profit margin: 7.2% (up from 4.5% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 45%. Over the next year, revenue is forecast to grow 7.6%, compared to a 4.8% growth forecast for the industry in Singapore. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 17% per year, which means it is performing significantly worse than earnings. Announcement • Apr 08
Delfi Limited Declares Special Dividend for the Financial Year Ended December 31, 2021, Payable on 13 May 2022 Delfi Limited at its AGM to be held on April 26, 2022 proposed to declare a special dividend of 1.44 cents for the financial year ended December 31, 2021. 4 May 2022 is the Record date for determining entitlements to special dividend subject to shareholders' approval at the AGM. 13 May 2022 is the Payment date for special dividend. Announcement • Apr 03
Delfi Limited Appoints Tan Chay Kee as Chief Operating Officer Delfi Limited announced that the appointment of Mr. Tan Chay Kee as Chief Operating Officer, was duly reviewed by the Company's Nominating Committee and the Board of Directors. Having reviewed and considered Mr. Tan's qualifications and work experience, the Board is of the view that Mr. Tan is able to discharge the duties and responsibilities of COO. The Board approved his appointment as the COO. Reported Earnings • Feb 24
Full year 2021 earnings: EPS exceeds analyst expectations Full year 2021 results: EPS: US$0.048 (up from US$0.029 in FY 2020). Revenue: US$405.1m (up 5.2% from FY 2020). Net income: US$29.3m (up 68% from FY 2020). Profit margin: 7.2% (up from 4.5% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 45%. Over the next year, revenue is forecast to grow 7.3% compared to a 1.2% decline forecast for the industry in Singapore. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 19% per year, which means it is performing significantly worse than earnings. Announcement • Feb 09
Delfi Limited to Report Fiscal Year 2021 Results on Feb 22, 2022 Delfi Limited announced that they will report fiscal year 2021 results After-Market on Feb 22, 2022 Upcoming Dividend • Aug 16
Upcoming dividend of S$0.017 per share Eligible shareholders must have bought the stock before 23 August 2021. Payment date: 07 September 2021. Trailing yield: 3.7%. Lower than top quartile of Singaporean dividend payers (5.1%). Higher than average of industry peers (3.0%). Reported Earnings • Aug 12
First half 2021 earnings released: EPS US$0.02 (vs US$0.018 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: US$210.5m (up 6.8% from 1H 2020). Net income: US$12.3m (up 14% from 1H 2020). Profit margin: 5.8% (up from 5.5% in 1H 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 9% per year, which means it is performing significantly worse than earnings. Executive Departure • Jul 01
Chief of Quality Assurance, Food Safety, R&D and Technology Seok Bee Lim has left the company On the 30th of June, Seok Bee Lim's tenure as Chief of Quality Assurance, Food Safety, R&D and Technology ended after 2.4 years in the role. We don't have any record of a personal shareholding under Seok Bee's name. A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 3.13 years. Announcement • May 28
Delfi Limited Approves Final Dividend for the Financial Year Ended 31 December 2020 Delfi Limited announced that at its Annual General Meeting held on 27 April 2020, approved final dividend of 1.43 Singapore Cents per ordinary share for the financial year ended 31 December 2020. Upcoming Dividend • Apr 26
Upcoming dividend of S$0.014 per share Eligible shareholders must have bought the stock before 03 May 2021. Payment date: 14 May 2021. Trailing yield: 3.6%. Lower than top quartile of Singaporean dividend payers (4.6%). Higher than average of industry peers (2.5%). Announcement • Feb 25
Delfi Limited, Annual General Meeting, Apr 27, 2021 Delfi Limited, Annual General Meeting, Apr 27, 2021. Agenda: To approve the final dividend of 1.08 US cents per ordinary share in respect of the financial year ended 31 December 2020. Reported Earnings • Feb 25
Full year 2020 earnings released: EPS US$0.029 (vs US$0.046 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: US$385.1m (down 18% from FY 2019). Net income: US$17.5m (down 38% from FY 2019). Profit margin: 4.5% (down from 6.0% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Analyst Estimate Surprise Post Earnings • Feb 25
Revenue and earnings miss expectations Revenue missed analyst estimates by 7.5%. Earnings per share (EPS) also missed analyst estimates by 12%. Over the next year, revenue is forecast to grow 18%, compared to a 9.1% growth forecast for the Food industry in Singapore. Announcement • Feb 17
Delfi Limited to Report Fiscal Year 2020 Results on Feb 24, 2021 Delfi Limited announced that they will report fiscal year 2020 results After-Market on Feb 24, 2021 Is New 90 Day High Low • Jan 25
New 90-day high: S$0.77 The company is up 18% from its price of S$0.66 on 27 October 2020. The Singaporean market is also up 18% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it underperformed the Food industry, which is up 32% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is S$3.98 per share.